Real estate and details go hand in hand and when you’re buying a home there are a lot of details to consider.
When you purchase a home you’re making a commitment to more than just the home itself. You’re also committing to the neighborhood it’s located in.
In most cases, you’re going to be living there for at least a few years and on average homeowners stay in their homes 7 years. There are certain things you should consider before you purchase a home and the neighborhood it’s located in is one that can often go overlooked.
What you consider safe might not be the same as someone else. Do your research and look into crime statistics for neighborhoods that you’re interested in. Check out the local police department website or visit www.crimereports.com.
Is a garage or assigned parking important to you? Think about if you desire to come home and know exactly where you’ll park or if you don’t mind looking for parking. Another consideration is parking for when you have guests visit. If you’re throwing a dinner party is there a place for your guests to park either in the form of your driveway, visitor spaces, or street parking?
Do you want to have the ability to walk to metro, the grocery store, or shopping and dining? Many home buyers look for a home in a location condusive to walking to daily needs, work, and entertainment. Neighborhoods that have a high walkability often experience higher home values due to their prime location.
Homeowner’s or Condo Association
This is a question that comes up a lot and some homebuyers don’t want to be in a neighborhood that has one. Association management varies by neighborhood and like anything else some are excellent and truly provide value while others are poorly run and a complete disaster. Work with your agent and do your research to obtain as much information as possible if you’re considering moving into a neighborhood with a homeowner’s or condo association. I’ve had clients who love them and clients who have moved because of them.
If you prefer a neighborhood with certain features such as an outdoor pool, fitness center, tot lot, lake, or walking trails you’ll be able to eliminate certain neighborhoods and focus your search on those that have what you’re looking for.
Think about what’s important to you for a neighborhood to feature and consider the little details in your day to day life. Your commute, hobbies, and lifestyle are all something to think about when selecting a neighborhood to purchase a home in. Do your research and lean on your agent to help you get answers to your questions.
If you know what you’re looking for you will end up making a choice you love both with your new home and the neighborhood it’s in!
Do Not Buy The Best Home On The Block via Luke Skar with Inlanta Mortgage of Madison